04199nam 2200721 a 450 991087712430332120200520144314.01-118-57016-21-283-71512-01-118-48834-21-118-48837-7(CKB)2670000000270798(EBL)1047938(SSID)ssj0000799327(PQKBManifestationID)11492609(PQKBTitleCode)TC0000799327(PQKBWorkID)10764113(PQKB)11188313(MiAaPQ)EBC1047938(DLC) 2012033837(CaSebORM)9781118488379(OCoLC)806993707(OCoLC)841171116(OCoLC)ocn841171116 (EXLCZ)99267000000027079820120817d2013 uy 0engur|n|---|||||txtccrThe cycle of the gift family, wealth, and wisdom /James E. Hughes, Susan E. Massenzio, Keith Whitaker1st editionHoboken, N.J. Wileyc20131 online resource (194 p.)BloombergIncludes index.1-118-48759-1 Includes bibliographical references and index.The Cycle of the Gift: Family Wealth and Wisdom; Copyright; Contents; Preface; Acknowledgments; Introduction; Some Key Terms and Images; Chapter 1: The Elephant in the Room; Grandparents' Checks; When Giving Becomes an Opportunity; Chapter 2: The Spirit of the Gift; Where the Spirit Leads; The Who of Giving; Chapter 3: Becoming a Wise Giver; Know Thyself; How Much?; Guilt and Remorse; Nothing Too Much; Chapter 4: Receiving Wisely; A Bad Investment?; The Psychological Stages of Giving; Developmental Stages; Giving and the Work Ethic; Not Yet; Meteors and Resilience; Investing in RecipientsChapter 5: SpousesLearning from Yourselves and Each Other; Three-Step Process; Blended Families; Prenuptial Discussions; Fiscal Unequals; Chapter 6: Grandparents; Grandparents' Great Opportunity; Involving Parents; Grandparents and Philanthropy; Chapter 7: Trustees; The Choice of Trustee; The Type of Trustee; The Relationship between Beneficiary and Trustee; A Regenerative Role; Chapter 8: Elders; Intergenerational Dynamics; Growing Elders; The Work of Elders; The How of Giving; Chapter 9: Control versus Freedom; The Myth of the Free Gift; Cui Bono?; The Giving of Accounts; Letting BeChapter 10: Fair versus Equal, Separate versus TogetherThe Balancing Act; Pot Shots; Flourishing; Promises; Chapter 11: Giving Outright, via Loans, or in Trust?; Options; Sharing the Spirit; Making Loans Work; Why Trusts?; The Family Bank; Form versus Function; The What and Why of Giving; Chapter 12: What Families Give; Homes; Business Interests; Values; Rituals; Reputation; Chapter 13: The Why of Giving; Why Not; The Family Tree; Giving Thanks; About the Authors; Index A comprehensive guide to giving well to family members Giving is at the core of family life--and with current law allowing up to 5,120,000 in tax-free gifts, at least through December 2012, the ultra-affluent are faced with the task of giving at perhaps largest scale in history. Beyond the tax saving and wealth management implications, giving to family members opens up a slew of thorny questions, the biggest of which is, ""How do I prepare recipients of such large gifts?"" With that question and others in mind, Hughes, Massenzio, and Whitaker have written The Cycle of the GBloombergFamiliesWealthFamiliesEconomic aspectsEstate planningFamilies.Wealth.FamiliesEconomic aspects.Estate planning.306.85Hughes James E34242Massenzio Susan E1751515Whitaker Albert Keith1663711MiAaPQMiAaPQMiAaPQBOOK9910877124303321The cycle of the gift4186507UNINA